For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45490 (Dayton, OH) is $1,230 a month. That is down 1.6% from $1,250 in FY 2026. Dayton is in the Dayton-Kettering-Beavercreek, OH MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 54 ZIP codes in Montgomery County, 45490 is tied for the 24th-highest two-bedroom rent (county range $1,000–$2,000). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45490 is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 45490
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$910
$900
−1.1%
$810–$990
1BR
$990
$990
0.0%
$891–$1,089
2BR
$1,250
$1,230
−1.6%
$1,107–$1,353
3BR
$1,620
$1,600
−1.2%
$1,440–$1,760
4BR
$1,780
$1,750
−1.7%
$1,575–$1,925
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 45490
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$900
$990
$1,230
$1,600
$1,750
FY 2026
$910
$990
$1,250
$1,620
$1,780
FY 2025
$770
$830
$1,060
$1,370
$1,510
FY 2024
$730
$790
$1,010
$1,310
$1,440
FY 2023
$670
$740
$950
$1,250
$1,360
Two-bedroom rent in nearby Montgomery County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 45490?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,230, that basic range is $1,107 to $1,353 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 45490 in?
ZIP 45490 is in the Dayton-Kettering-Beavercreek, OH MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 45490 for FY 2027?
The two-bedroom FMR fell 1.6%, from $1,250 in FY 2026 to $1,230 in FY 2027. Since FY 2023 it has risen 29.5%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set